Blum Capital is the hand holding the ball. They continue to sell shares. As soon as this pressure is relieved this will pop hard.
Key things to remember:
*Net cash per share = $4.50
*$85 to $95 million a year in annual savings starting 2H 2013
*Book value $9 per share
*Jobs market is gradually improving which means more hires for graduates
*Graduation rate highest ever
Stock is well below cash and book values and is down well over 90% from highs just 2 years ago. Even with issues the industry is going through, this is beyond priced into this stock.